Banks in India and their History Objective Type Questions and Answers

21 Bank of Rajasthan was merged with

A SBI

B HDFC

C IDBI

D ICICI

View Answer

Answer: ICICI

22 Which bank(s) has/have received Banking license by Reserve Bank of India in 2014?

A Aditya Birla Nuvo Ltd

B IDFC

C Bandhan

D Both B and C

View Answer

Answer: Both B and C

23 Which bank was baptised as the State Bank of India?

A New Bank of India

B Imperial Bank of India

C Indian Bank

D United Bank of India

View Answer

Answer: Imperial Bank of India

24 Which was the first bank to introduce Internet banking?

A Canara Bank

B ICICI Bank

C Punjab National Bank

D State Bank of India

View Answer

Answer: ICICI Bank

25 Which was the first bank to introduce credit card in India?

A Canara Bank

B Central Bank of India

C Bank of Baroda

D ICICI Bank

View Answer

Answer: Central Bank of India

26 Punjab National Bank was established in ________.

A 1881

B 1894

C 1913

D 1917

View Answer

Answer: 1894

27 Imperial Bank of India was nationalised in _______.

A 1949

B 1955

C 1959

D 1969

View Answer

Answer: 1955

28 Oudh Commercial Bank was founded in _______.

A 1913

B 1917

C 1894

D 1881

View Answer

Answer: 1881

29 Which bank was united with the Punjab National Bank in 1993?

A Oudh Commercial Bank

B Imperial Bank of India

C New Bank of India

D Punjab and Sind Bank

View Answer

Answer: New Bank of India

30 Which was the first bank to introduce mutual fund?

A Bank of Baroda

B ICICI Bank

C Punjab National Bank

D State Bank of India

View Answer

Answer: State Bank of India

31 Which of the following banks has launched the India's first mortgage guarantee-backed home loan product ‘Extraa Home Loan’?

A State bank of India

B Bank of Baroda

C ICICI Bank

D HDFC Bank

View Answer

Answer: ICICI Bank

32 Name the micro finance company that becomes the first to start operation as a commercial bank?

A PayTm Bank

B Vodafone m-Pesa Bank

C Yes Bank

D Bandhan Bank

View Answer

Answer: Bandhan Bank

33 Who is the head of the committee that recommended conversion of Urban Cooperative Banks (UCBs) with business size of 20,000 crore rupees or more into regular banks?

A Bibek Debroy

B Raghuram Rajan

C R Gandhi

D U K Sinha

View Answer

Answer: R Gandhi

34 How many payment banks received in-principle approval by the Reserve bank of India?

A 3

B 4

C 6

D 11

View Answer

Answer: 11

35 Which bank has launched the fist contactless debit, credit and multi-currency forex card?

A Axis Bank

B ICICI Bank

C HDFC Bank

D SBI

View Answer

Answer: Axis Bank

36 Who has been appointed as the MD and CEO of Bank of Baroda by the government?

A P S Jayakumar

B Jaykumar Sharma

C Shiv Pal Sharma

D Ajay Shankar

View Answer

Answer: P S Jayakumar

37 Who has been appointed as the MD and CEO of Canara Bank by the government?

A M S Dhir

B Rakesh Sharma

C Rajesh Dhariwal

D Sanjay Shah

View Answer

Answer: Rakesh Sharma

38 On 8th Aug’15 which bank has reported a 51% decline in its net profit to 256.7 crore rupees for the first quarter ended June 30 against the same quarter last fiscal?

A PNB

B UCO Bank

C Allahabad Bank

D Union Bank of India

View Answer